Capital Group Private Client Services Inc. Buys Shares of 13,825 United Rentals, Inc. (NYSE:URI)

Capital Group Private Client Services Inc. acquired a new position in United Rentals, Inc. (NYSE:URI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,825 shares of the construction company's stock, valued at approximately $9,739,000.

Several other large investors have also added to or reduced their stakes in the business. GHP Investment Advisors Inc. grew its holdings in shares of United Rentals by 6.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company's stock valued at $10,464,000 after acquiring an additional 877 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of United Rentals by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company's stock worth $313,627,000 after purchasing an additional 6,787 shares during the last quarter. Fiduciary Alliance LLC increased its position in shares of United Rentals by 196.5% during the 4th quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company's stock worth $1,000,000 after purchasing an additional 941 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in shares of United Rentals during the 4th quarter worth approximately $649,000. Finally, Nordea Investment Management AB boosted its holdings in shares of United Rentals by 7.6% in the 4th quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company's stock valued at $517,018,000 after buying an additional 52,037 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

Insider Transactions at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares of the company's stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.53% of the stock is currently owned by insiders.

United Rentals Price Performance

NYSE:URI traded up $66.77 during trading hours on Thursday, reaching $655.98. 765,854 shares of the company were exchanged, compared to its average volume of 590,670. The business has a 50 day moving average of $619.53 and a 200 day moving average of $729.21. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The company has a market capitalization of $42.86 billion, a P/E ratio of 16.92, a P/E/G ratio of 1.43 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.92 by ($0.06). The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. Research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 1.09%. United Rentals's payout ratio is presently 18.48%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on URI shares. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and dropped their price target for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Robert W. Baird upgraded United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target for the company in a report on Tuesday, January 14th. Bank of America dropped their price objective on United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Finally, Truist Financial reduced their target price on United Rentals from $956.00 to $732.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $729.79.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.